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$5,518 /mo
Principal and interest only, based on $210,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance are not included.
Customize this estimateTurn-key income-producing fourplex in the highly sought-after Coral Way neighborhood of Miami. Strong rental demand supports this stabilized investment comprised of two separate structures with individual meters. Currently configured as four units: three 2-bedroom/1-bath apartments in the main structure and a separate 2-bedroom/1-bath cottage-style unit at the rear of the property, offering added privacy and tenant appeal.Units have been renovated and updated over recent years, including new stainless steel appliances, updated kitchens and bathrooms, new flooring, fresh interior paint, and select A/C replacements. On-site, owner-controlled coin-operated laundry provides additional ancillary income. Property generates approximately $102,000 in gross annual income with stable in-place tenancy and defined lease rollovers. Ideal opportunity for an investor seeking immediate cash flow or an owner-occupant looking to live in one unit while offsetting expenses with rental income from the others. Centrally located minutes from Brickell, Downtown Miami, and Coconut Grove. Call for further details. All information contained herein is deemed reliable but not guaranteed. Buyer and Buyer’s agents are solely responsible for independently verifying all information, including financials, leases, and property condition, before purchase.
Virtual TourAbout the Community
Third Westmoreland Addn is an age-restricted 55+ community in Miami, Miami-Dade County, Florida, governed under the Housing for Older Persons Act (HOPA). Homes are priced from $1,900,000 to $2,500,000. At least one resident per home must be 55 or older. Pure Equity Realty represents buyers and sellers in Third Westmoreland Addn at 1% listing commission. Free buyer representation.
Frequently Asked Questions
Listing courtesy of Beachfront Realty Inc
Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity Realty. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. © 2026 BeachesMLS, Inc. Last updated August 30, 2026.
$1,050,000
Contact us to schedule a showing or ask a question.
Listed by Susanna Santoro, Beachfront Realty Inc
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